Johann Baptist Placht
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Johann Baptist Placht
Johann Baptist Placht was an Austrian soldier, clerk and confidence trickster who was indicted in 1874 for running a Ponzi scheme in 19th-century Vienna. Early life Placht's birth date and place are unknown. Since he was 36 years old at the time of his trial on 10 February 1874, he must have been born in 1837 or 1838. Placht was originally a soldier in the rank of an officer in the "Freiherr von Ramming" infantry regiment of the Austro-Hungarian Army. He had to quit the service because of his debt and was hired as a clerk at a bank in Vienna. Shortly after he started working at the bank, numerous bonds went missing. Despite multiple reasonable grounds for suspecting Placht of the theft, his guilt could not be proven and he was instead fired with a severance. Business dealings In the first half of 1872, Placht began advertising his business in all major newspapers, promising investors cheap rates for orders of securities. By June, he invited customers to deposit at least 500 f ...
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Confidence Trick
A confidence trick is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ..intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men') at the expense of their victims (the 'marks')". Terminology Synonyms include con, confidence game, confidence scheme, ripoff, scam, and stratagem. The perpetrator of a confidence trick (or "con trick") is often referred to as a confidence (or "con") man, con-artist, or a "grifter". The shell game dates back at least to Ancient Greece. Samuel Thompson (1821–1856) was the original "confidence man". Thompson was a clumsy swindler who asked his victims to express confidence in him by giving him money or their watch rather than gaining their confidenc ...
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Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ...
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Vienna
en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST = CEST , utc_offset_DST = +2 , blank_name = Vehicle registration , blank_info = W , blank1_name = GDP , blank1_info = € 96.5 billion (2020) , blank2_name = GDP per capita , blank2_info = € 50,400 (2020) , blank_name_sec1 = HDI (2019) , blank_info_sec1 = 0.947 · 1st of 9 , blank3_name = Seats in the Federal Council , blank3_info = , blank_name_sec2 = GeoTLD , blank_info_sec2 = .wien , website = , footnotes = , image_blank_emblem = Wien logo.svg , blank_emblem_size = Vienna ( ; german: Wien ; ba ...
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Austro-Hungarian Army
The Austro-Hungarian Army (, literally "Ground Forces of the Austro-Hungarians"; , literally "Imperial and Royal Army") was the ground force of the Austro-Hungarian Dual Monarchy from 1867 to 1918. It was composed of three parts: the joint army (, "Common Army", recruited from all parts of the country), the Imperial Austrian Landwehr (recruited from Cisleithania), and the Royal Hungarian Honvéd (recruited from Transleithania). In the wake of fighting between the Austrian Empire and the Hungarian Kingdom and the two decades of uneasy co-existence following, Hungarian soldiers served either in mixed units or were stationed away from Hungarian areas. With the Austro-Hungarian Compromise of 1867 the new tripartite army was brought into being. It existed until the disestablishment of the Austro-Hungarian Empire following World War I in 1918. The joint "Imperial and Royal Army" ( or ''k.u.k.'') units were generally poorly trained and had very limited access to new equipment bec ...
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Austro-Hungarian Florin
The florin (german: Gulden, hu, forint, hr, forinta/florin, cs, zlatý) was the currency of the lands of the House of Habsburg between 1754 and 1892 (known as the Austrian Empire from 1804 to 1867 and the Austro-Hungarian Monarchy after 1867), when it was replaced by the Austro-Hungarian crown as part of the introduction of the gold standard. In Austria, the florin was initially divided into 60 kreutzers (german: Kreuzer, hu, krajcar, hr, krajczár cs, krejcar). The currency was decimalized in 1857, using the same names for the unit and subunit. Name The name ''Gulden'' was used on the pre-1867 Austrian banknotes and on the German language side of the post-1867 banknotes. In southern Germany, the word Gulden was the standard word for a major currency unit. After 1867 Austrian coins used the name ''Florin''. "Florin" is derived from the city of Florence, Italy where the first florins were minted, from 1252 to 1533. History The florin (German: ''Gulden'') first emerged as a ...
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Krems An Der Donau
Krems an der Donau () is a town of 23,992 inhabitants in Austria, in the federal state of Lower Austria. It is the fifth-largest city of Lower Austria and is approximately west of Vienna. Krems is a city with its own statute (or '' Statutarstadt''), and therefore it is both a municipality and a district. Geography Krems is located at the confluence of the Krems and Danube Rivers at the eastern end of Wachau valley, in the southern Waldviertel. Krems borders the following municipalities: Stratzing, Langenlois, Rohrendorf bei Krems, Gedersdorf, Traismauer, Nußdorf ob der Traisen, Paudorf, Furth bei Göttweig, Mautern an der Donau, Dürnstein, and Senftenberg. History Krems was first mentioned in 995 in a certificate of Otto III, but settlement was apparent even before then. For example, a child's grave, over 27,000 years old, was found here. This is the oldest grave found in Austria. During the 11th and 12th centuries, Chremis, as it was then called, was almost as large ...
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Adele Spitzeder
Adelheid Luise "Adele" Spitzeder (; 9 February 1832 – 27 or 28 October 1895), also known by her stage name Adele Vio, was a German actress, folk singer, and con artist. Initially a promising young actress, Spitzeder became a well-known private banker in 19th-century Munich when her theatrical success dwindled. Running what was possibly the first recorded Ponzi scheme, she offered large returns on investments by continually using the money of new investors to pay back the previous ones. At the height of her success, contemporary sources considered her the wealthiest woman in Bavaria. Opening her bank in 1869, Spitzeder managed to fend off attempts to discredit her for a few years before authorities were able to bring her to trial in 1872. Because Ponzi schemes were not yet illegal, she was convicted instead of bad accounting and mishandling customers' money and sentenced to three years in prison. Her bank was closed and 32,000 people lost 38 million gulden, the equivalent of a ...
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Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by population, third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the List of cities in the European Union by population within city limits, 11th-largest city in the European Union. The Munich Metropolitan Region, city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Northern Limestone Alps, Bavarian Alps, Munich is the seat of the Bavarian Regierungsbezirk, administrative region of Upper Bavaria, while being the population density, most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialects, Bavarian dialect area, ...
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1830s Births
Year 183 ( CLXXXIII) was a common year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Aurelius and Victorinus (or, less frequently, year 936 ''Ab urbe condita''). The denomination 183 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * An assassination attempt on Emperor Commodus by members of the Senate fails. Births * January 26 – Lady Zhen, wife of the Cao Wei state Emperor Cao Pi (d. 221) * Hu Zong, Chinese general, official and poet of the Eastern Wu state (d. 242) * Liu Zan (Zhengming), Chinese general of the Eastern Wu state (d. 255) * Lu Xun Zhou Shuren (25 September 1881 – 19 October 1936), better known by his pen name Lu Xun (or Lu Sun; ; Wade–Giles: Lu Hsün), was a Chinese writer, essayist, poet, and literary critic. He ...
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Year Of Birth Uncertain
A year or annus is the orbital period of a planetary body, for example, the Earth, moving in Earth's orbit, its orbit around the Sun. Due to the Earth's axial tilt, the course of a year sees the passing of the seasons, marked by change in weather, the hours of daylight, and, consequently, vegetation and soil fertility. In temperate and subpolar climate, subpolar regions around the planet, four seasons are generally recognized: spring (season), spring, summer, autumn and winter. In tropics, tropical and subtropics, subtropical regions, several geographical sectors do not present defined seasons; but in the tropics#Seasons and climate, seasonal tropics, the annual wet season, wet and dry seasons are recognized and tracked. A calendar year is an approximation of the number of days of the Earth's orbital period, as counted in a given calendar. The Gregorian calendar, or modern calendar, presents its calendar year to be either a common year of 365 days or a leap year of 366 days, a ...
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Place Of Birth Missing
Place may refer to: Geography * Place (United States Census Bureau), defined as any concentration of population ** Census-designated place, a populated area lacking its own municipal government * "Place", a type of street or road name ** Often implies a dead end (street) or cul-de-sac * Place, based on the Cornish word "plas" meaning mansion * Place, a populated place, an area of human settlement ** Incorporated place (see municipal corporation), a populated area with its own municipal government * Location (geography), an area with definite or indefinite boundaries or a portion of space which has a name in an area Placenames * Placé, a commune in Pays de la Loire, Paris, France * Plače, a small settlement in Slovenia * Place (Mysia), a town of ancient Mysia, Anatolia, now in Turkey * Place, New Hampshire, a location in the United States * Place House, a 16th-century mansion largely remodelled in the 19th century, in Fowey, Cornwall * Place House, a 19th-century mansion on ...
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Year Of Death Missing
A year or annus is the orbital period of a planetary body, for example, the Earth, moving in its orbit around the Sun. Due to the Earth's axial tilt, the course of a year sees the passing of the seasons, marked by change in weather, the hours of daylight, and, consequently, vegetation and soil fertility. In temperate and subpolar regions around the planet, four seasons are generally recognized: spring, summer, autumn and winter. In tropical and subtropical regions, several geographical sectors do not present defined seasons; but in the seasonal tropics, the annual wet and dry seasons are recognized and tracked. A calendar year is an approximation of the number of days of the Earth's orbital period, as counted in a given calendar. The Gregorian calendar, or modern calendar, presents its calendar year to be either a common year of 365 days or a leap year of 366 days, as do the Julian calendars. For the Gregorian calendar, the average length of the calendar year (the me ...
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